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Telefonica (TEF) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Telefonica (NYSE: TEF) Operator Ladies and gentlemen, thank you for standing by, and welcome to Telefonica's January-December 2020 Results Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded. I would now like to turn the call over to Mr. Pablo Eguiron, Global Director of Investor Relations. Please go ahead, sir. This article is a transcript of this conference call produced for The Motley Fool. While we...

By Lina Saigol Order Reprints Text size Telefónica will reduce its debt following the $9.4 billion sale of its mobile phone masts to Boston-based American Towers. Getty Images Shares in Telefónica soared almost 10% on Wednesday, after the Spanish telecom company struck a deal to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator American Tower for $9.4 billion in cash. The back story. European telecom companies have stepped up the sale of their valuable tower estates in recent years, as they...